Crypto

DeFi protocol Carrot becomes first casualty of $285M Drift exploit

Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.

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CoinTelegraph
May 1, 2026·1 min read
DeFi protocol Carrot becomes first casualty of $285M Drift exploit

Image: CoinTelegraph

Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.

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DeFi protocol Carrot becomes first casualty of $285M Drift exploit

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